DK: Delek US Holdings, Inc. Instablogs

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Monday, May 13, 3:21 PM Credit Suisse cites Alon USA Energy (ALJ), Alon USA Partners (ALDW) and Delek (DK) as refiners deserving raises. The firm likes Alon's projects, though still in development stage, which should aid recovery of liquefied petroleum gasses, distillate recovery and increasing throughputs at the Big Spring, Tex., refinery and drive EBITDA growth over time. 1 Comment [Energy, Quick Ideas]
Thursday, May 9, 11:00 AM Delek US Holdings (DK) declares $0.15/share quarterly dividend, 50% increase from prior dividend of $0.10. Forward yield 1.56%. For shareholders of record May 28. Payable June 18. Ex-div date May 24. (PR) Comment! [Dividends]
Thursday, May 9, 3:22 AM Delek US (DK): Q1 EPS of $1.28 beats by $0.14. Revenue of $2.32B beats by $0.31B. (PR) Comment! [Earnings, Breaking News]
Wednesday, May 8, 12:10 AM Notable earnings after Wednesday’s close: AHT, ALJ, ATLS, ATVI, AVNR, CF, CLNE, CLR, CTL, CTRP, CUZ, CXW, DEPO, DK, ERII, ETE, ETP, GMCR, GRPN, GSS, HALO, HEK, HNSN, JOE, LPSN, MBLX, MDR, MED, MIDD, MM, MNST, MNTX, MWE, NWSA, OSUR, PPO, PVA, QTM, RAX, RGP, RIG, RST, SGMO, SPRD, SSRI, STEC, SXL, SZYM, TCAP, TSLA, WR, XTEX Comment! [Earnings]
Tuesday, May 7, 5:35 PM Notable earnings after Wednesday’s close: AHT, ALJ, ATLS, ATVI, AVNR, CF, CLNE, CLR, CTL, CTRP, CUZ, CXW, DEPO, DK, ERII, ETE, ETP, GMCR, GRPN, GSS, HALO, HEK, HNSN, JOE, LPSN, MBLX, MDR, MED, MIDD, MM, MNST, MNTX, MWE, NWSA, OSUR, PPO, PVA, QTM, RAX, RGP, RIG, RST, SGMO, SPRD, SSRI, STEC, SXL, SZYM, TCAP, TSLA, WR, XTEX Comment! [Earnings]
Saturday, May 4, 3:52 PM Barron's is out with its list of the 500 financially strongest companies as ranked after a rigorous cash and sales analysis. A quick filter on the list shows a good chunk of the names trade with a single-digit price to earnings ratio including Goodyear Tire & Rubber (GT). Despite all the buzz about booming auto sales in the U.S. and China, concerns about growth for Goodyear's products in other regions of the globe have lowered expectations. But with auto sale estimates for full-year being taken higher, Goodyear could see enough consistent revenue growth to justify a higher trading multiple. (Top 25: AAPL, WCC, WDC, DVA, CHRW, QCOM, JOY, V, STX, MRC, MA, CVI, COF, SYMC, MCK, WCG, ETN, BRCM, TMO, CI, CBI, NOV, WNR, HFC, DK) 39 Comments [Consumer, Quick Ideas]
Wednesday, April 17, 5:50 PM Deutsche Bank lowers its stock target prices on several refiners, expecting weak margins to weigh on earnings in Q2 and in 2013 as producing gasoline gets less profitable. The new target for Buy-rated Holly Frontier (HFC) is $58, down from $68. Hold-rated refiners with reduced targets: ALJ, CLMT, CVI, DK, MPC, PBF, PSX, TSO, VLO, WNR. Comment! [Energy, Quick Ideas]
Friday, April 5, 12:49 PM Refiners are mixed today - VLO +1%, TSO +1%, PSX -0.2% - as the sector licks its wounds after this week's selloff, and Dimitra DeFotis of Barron's suggests its time to take profits as the market recognizes the stocks have come too far too fast. In particular, Tesoro and Marathon Petroleum (MPC) are up 106% and 99% Y/Y, respectively. 3 Comments [Energy]
Wednesday, April 3, 11:35 AM Although the two-day slump in refiners might tempt some investors to buy the dips, Simmons analysts say it's too early; lower outlooks for Q2 and full-year 2013 are not yet fully reflected in the stock prices. But the firm favors Gulf coast refiners such as TSO and VLO over those in the Midwest such as HFC and CVI. Tudor Pickering cuts EPS estimates for TSO and HFC but still sees "significant value" in VLO, MPC, DK and PSX. 8 Comments [Energy, Quick Ideas]
Wednesday, March 27, 10:09 AM Israel's apology to Turkey over a deadly 2010 raid has a compelling economic incentive: the possible export of billions of dollars of Israeli natural gas to Turkey and beyond. Turkey's fast-growing economy is the lowest-cost export destination for energy discovered off the Israeli coast in recent years; a supply contract in such a deal could bring Israel as much as $4B/year. Comment! [Energy, Global & FX]
Monday, March 25, 5:57 PM Railroads are the critical link behind the boom in North American oil production from shale fields beyond the reach of existing pipelines, and Raymond James suggests 21 stocks likely to benefit from the trend: CNI, CP, KSU, NSC, CSX, UNP, BTE, CNQ, ARII, TRN, GMT, PBF, DK, TSO, TLLP, GEL, NRGY, GLP, CSCTF.PK, MEGEF.PK, STPJF.PK. (earlier) 3 Comments [Energy, Quick Ideas]
Tuesday, March 12, 12:52 PM Delek US Holdings (DK -6%) announces a secondary offering of 7.825M common shares by selling stockholder Delek Hungary Holding; DK will not receive any proceeds from the offering. Its board authorizes a $75M common stock repurchase program. Trading resumes after a halt. Comment! [Energy, On the Move]
Tuesday, March 12, 12:18 PM Delek US Holdings (DK -5.3%) is halted with news pending, with shares down more than 5% after hitting an all-time high yesterday. Israel's Globes reports parent company Delek Group (DGRLY.PK) is expected to sell up to $250M, or 12%, of DK stock. DKL -1.4%. Comment! [Energy, On the Move]
Thursday, March 7, 3:58 PM Barclays boosts its price target for Delek Logistics Partners (DKL -1%) to $33 from $26, citing improved growth visibility from news of potential dropdown value. Despite a relatively undersized inventory of existing assets retained and under construction at parent Delek (DK), a modestly sized dropdown or organic expansion could drive solid accretion given DKL's small distributable cash flow base. Comment! [Energy, Quick Ideas]
Thursday, March 7, 5:10 AM Delek US Holdings (DK): Q4 EPS of $1.06. Revenue of $2.18B beats by $0.87B. (PR) Comment! [Earnings, Breaking News]
Wednesday, March 6, 12:10 AM Notable earnings after Wednesday’s close: ALJ, AMTG, CODI, DK, DRYS, ERII, NQ, PETM, PNY, TCAP Comment! [Earnings]

DK Delek US Holdings, Inc.

DK

Delek US Holdings, Inc.